NOT LISTED FOR SALE

1421 Park Ave Unit 100 Chico, CA 95928

Mulberry Neighborhood

Estimated Value: $531,775

4 Beds
4 Baths
3,186 Sq Ft
$167/Sq Ft Est. Value

Last Sold June 26, 2017

Last sale price $358,750 $113 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $3,197/month

290 Days on Market

About This Home

As of June 2017

High exposure commercial frontage on Park Avenue with residential units in back! Opportunity to work and live in the same building. This unique three-unit property has a spacious commercial storefront space along Park Avenue with 1.5 bathrooms and adjoining workroom, private office, and break room. Zoned Community Commercial (CC) this space could be perfect for a variety of retail, office, medical or professional service uses. Two residential rental units are located immediately behind the commercial unit. One unit is 3bd/1ba with a good size loft bonus space and small, gated outdoor space. The other unit is a large 1bd/1ba, with small, gated outdoor space and shed. Three electric/gas meters and one water meter. Building square footage taken from public records. The storefront, awning and roof are all new in 2016. Extensive fresh interior and exterior paint. New window blinds and floor finishes throughout residential units. Also listed under MLS CH16172427.

Last Agent to Sell the Property

Kiersten Morgan

Crane Realty License #01808835 Listed on: 08/05/2016

Last Buyer's Agent

Cindy Haskett

Century 21 Select Paradise License #01261934

Century 21 Select Paradise

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,541

Year Built

  • Built in 1912

Lot Details

  • 5,663 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls

Parking

  • Up Slope from Street

Home Design

  • 3,186 Sq Ft Home
  • Property Attached
  • Composition Roof

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 005177010000

Community Details

Overview

  • 3 Units

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Other Expense $6,700
  • Operating Expense $6,700
  • Net Operating Income $28,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,541

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Property Type: Residential Income
  • Parcel Number: 005177010000
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 112.60

Exterior Features

  • Pool Private: No
  • Roof: Composition

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Up Slope from Street
  • Lot Size Sq Ft: 5663.00

Multi Family

  • Gross Scheduled Income: 34800.00
  • Net Operating Income: 28100.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 6700.00
  • Other Expense: 6700.00
  • Other Expense Description: EST only
  • Rent Control: No
  • Total Actual Rent: 1900.00
  • Total Expenses: 6700.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 26, 2019
Sold by
Hubbard Thomas K
Bought by
Hubbard Thomas K and The Thomas K Hubbard Living Tr
Current Estimated Value
$531,775

Purchase Details

Listed on
Aug 5, 2016
Closed on
Jun 16, 2017
Sold by
Carter William Albert and Carter Sally Ann
Bought by
Hubbard Thomas K
Seller's Agent
Kiersten Morgan
Crane Realty
Buyer's Agent
Cindy Haskett
Century 21 Select Paradise
List Price
$399,000
Sold Price
$358,750
Premium/Discount to List
-$40,250
-10.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.66%

Purchase Details

Closed on
May 14, 2015
Sold by
Drury Nathan A and Drury Sarah C
Bought by
Carter Revocable Inter Vivos Trust

Purchase Details

Closed on
Dec 21, 2009
Sold by
Crane James and Carter William Albert
Bought by
Drury Nathan A and Drury Sarah C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
4.78%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 26, 2009
Sold by
Carter William A and Carter Sally
Bought by
Carter William Albert and Carter Sally Ann

Purchase Details

Closed on
Sep 4, 2002
Sold by
Snidle James A and Downing Guy E
Bought by
Crane James and Carter William A
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hubbard Thomas K -- None Available
Hubbard Thomas K $359,000 Mid Valley Title & Escrow Co
Carter Revocable Inter Vivos Trust $240,000 Mid Valley Title & Escrow Co
Drury Nathan A $250,000 Mid Valley Title & Escrow Co
Carter William Albert -- None Available
Crane James $145,000 Mid Valley Title & Escrow Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Drury Nathan A $240,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2017 06/26/17 Sold $358,750 -10.1% $113 / Sq Ft
05/22/2017 05/22/17 Pending -- -- --
08/05/2016 08/05/16 For Sale $399,000 -- $125 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,541 $416,353 $104,449 $311,904
2024 $4,541 $408,190 $102,401 $305,789
2023 $4,487 $400,188 $100,394 $299,794
2022 $4,420 $392,342 $98,426 $293,916
2021 $4,332 $384,650 $96,497 $288,153
2020 $4,324 $380,707 $95,508 $285,199
2019 $4,249 $373,243 $93,636 $279,607
2018 $4,169 $365,925 $91,800 $274,125
2017 $2,955 $258,887 $88,021 $170,866
2016 $2,700 $253,812 $86,296 $167,516
2015 $2,896 $268,501 $80,549 $187,952
2014 -- $263,243 $78,972 $184,271
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH16755735

California Regional Multiple Listing Service (CRMLS)

APN: 005-177-010-000